By Samuel Indyk Investing.com – Avacta Group PLC (LON:AVTG), the UK-listed diagnostics company, has announced that its AffiDX rapid antigen lateral flow test detects the B117 variant of the coronavirus (the “Kent” variant), the D614G variant, and the original strain. ...
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By Dhara Ranasinghe and Ritvik Carvalho LONDON (Reuters) - The European Central Bank meets on Thursday and one topic will dominate: what to do about rising sovereign bond yields which if left unchecked could derail efforts to get a coronavirus-hit economy back on track. Germany's 10-year borrowing costs jumped 26 basis points in...
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(Reuters) - IT firm Micro Focus International (LON:MCRO) Plc on Monday said it would appeal a Texas jury verdict asking it to pay $172.5 million in damages to Wapp group in a patent litigation. In 2018, Wapp brought up the case against UK-based Micro Focus, on infringing claims of three patents in connection with Micro Focus' manufacture and sale of...
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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p)'s luxury division Porsche AG has agreed to raise its stake in Rimac Automobili to 24%, the companies said on Monday, in a deal that values the Croatian electric hypercar maker at 795 million euros ($947 million). Porsche AG first bought a 10% stake in Rimac in 2018, raising it to more than 15% a year later. Under...
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(Reuters) - British shares rose on Monday, boosted by gains in mining and energy stocks on higher commodity prices, while the easing of a stringent lockdown also lifted sentiment. The blue-chip FTSE 100 index rose 0.5%, with mining stocks, including Rio Tinto (LON:RIO), Anglo American (LON:AAL) and BHP, gaining between 0.9% and 1.2%. Oil producers BP ...
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(Bloomberg) -- Bearishness toward U.S. Treasuries surged to a record last week. That has given traders confidence to take on a new target: the yen. Strategists from London to Tokyo are saying the haven currency’s decline may have just begun, with rising Treasury yields and improving global growth giving traders encouragement to push the yen down to 110 per dollar. Hedge funds have...
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(Bloomberg) -- A test of demand for Chinese local government debt will come this week as authorities are set to sell the most bonds in more than five months, mainly for refinancing. Nearly 193 billion yuan ($30 billion) of local Chinese bonds are scheduled to be issued, the highest amount since Sept. 25, according to data compiled by Bloomberg. Almost all will used...
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By Clare Jim HONG KONG (Reuters) - Hong Kong leader Carrie Lam said on Monday that China's planned changes to the electoral system could further delay a vote for the city's legislature, but she was still uncertain on the timing. China's rubber-stamp parliament, the National People's Congress (NPC), is expected to approve on...
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LONDON (Reuters) - Meghan, the wife of Britain's Prince Harry, said in an interview with Oprah Winfrey that Kate, who is married to Harry's brother Prince William, had made her cry just before her 2018 wedding. Speaking on U.S. station CBS late on Sunday, Meghan denied a newspaper story that she had made...
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By Makiko Yamazaki and Maki Shiraki TOKYO (Reuters) - Toyota Motor Corp's first venture capital fund is investing in startups that help the Japanese automaker refine everyday processes by bringing sharper supply-chain management and robotics to the factory floor, a fund executive said. The Silicon Valley-based Toyota AI Ventures fund, with $200 million under management, has so far invested in 36 early-stage...
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